Re:On being the right size (1928)
by gnarbarian on Monday October 14, 2013 @04:17AM
(#6546011)
"Liberals like to see capitalism as a marathon where the runners compete with each other and the best ones win. But the system works more like the cells in a human body. Companies need to specialize and work together to be successful."
Be careful of painting with too broad a brush. Different industries operate in vastly different ways to very different outcomes in the long term.
Be careful of painting with too broad a brush. Different industries operate in vastly different ways to very different outcomes in the long term.
Compare http://en.wikipedia.org/wiki/Natural_monopoly to http://en.wikipedia.org/wiki/Perfect_competition